# Tata Technologies (TATATECH) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/tatatech

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹664.5
- Change: -1.15%
- As of: 2026-11-06
- 1D return: -1.15%
- 5D return: +2.69%
- 1M return: -4.34%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

TATATECH is trading at ₹664.50 on 2026-11-06, situated in a short-term downtrend within a broader monthly context. The daily trend is bearish and weak (ADX 14.7), with price below all key moving averages and the Supertrend. However, the monthly chart shows a bullish Supertrend despite price being below moving averages, suggesting a longer-term structural divergence. Near-term resistance lies at ₹670.08 (pivot) and ₹677.64 (high), while support is found at ₹663.17 and ₹662.95. The stock has declined 17.1% over three months but is up 5.9% over six months. Volatility is elevated at 31.8% annualized, with an ATR of 3.7%. Recent candlestick patterns like Morning Star and Inside Bar are inactive, indicating no immediate reversal confirmation. A break above ₹670.08 could signal short-term strength, while a close below ₹662.95 may extend downside pressure.

- Daily trend is bearish and weak (ADX 14.7); price below all MAs and Supertrend.
- Monthly trend shows bullish Supertrend but price below MAs; ADX 33.02 indicates established trend.
- Near-term resistance: ₹670.08 (+0.84%) and ₹677.64 (+1.98%); support: ₹663.17 (-0.20%) and ₹662.95 (-0.23%).
- Three-month return: -17.1%; six-month return: +5.9%; annualized volatility: 31.8%.

- Morning Star
- Inside Bar
- Bearish Engulfing Reversal
- Outside Bar

### News Context

Tata Technologies (NSE: TATATECH) reported strong operational momentum for the quarter ended September 30, 2026, with revenue from operations reaching US$178 million, a 22.2% year-on-year increase in constant currency. Management highlighted the securing of five large deals during this period, most notably a US$138 million turnkey full-vehicle engineering program for two vehicle programs with a leading European luxury automotive OEM. This multi-year engagement is approximately two-and-a-half years long and is currently ramping up. Based on these results, management reiterated its expectation of strong double-digit consolidated revenue growth for FY27 and anticipates margin improvement in the second half of the fiscal year. Shareholding data as of September 30, 2026, indicates that promoters hold 55.17% of the equity, while the public holds 44.83%. As of November 6, 2026, the stock closed at ₹664.50, reflecting a market capitalization of approximately ₹27,297 crore.

- Q2 FY27 revenue grew 22.2% YoY to US$178 million, driven by five new large deals including a US$138 million program with a European luxury auto OEM.
- Management projects strong double-digit consolidated revenue growth for FY27 and expects margin improvements in the second half of the fiscal year.
- Shareholding pattern as of September 30, 2026, shows promoter holding at 55.17% and public holding at 44.83%.

- Tata Technologies Limited has informed the Exchange about Transcript of the earnings conference call on financial results for the quarter ended September 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- TATA TECHNOLOGIES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Tata Technologies Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- TATA TECHNOLOGIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 55.17 | PUBLIC_VAL: 44.83 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -

### Official Filings

Tata Technologies Limited reported unaudited financial results for the quarter and half-year ended September 30, 2026, on October 14, 2026. The company posted consolidated operating revenue of ₹16,988 million, a 28.4% year-on-year increase, driven by a 33.9% rise in Services Segment Revenue to ₹13,557 million. Operating EBITDA grew 31.5% to ₹2,733 million with an EBITDA margin of 16.1%, while Net Income stood at ₹1,714 million. For the half-year, total revenue from operations was ₹1,916.47 crore with a Profit after tax of ₹251.70 crore.

Management highlighted five large deals secured during Q2, including a US$138 million turnkey full-vehicle engineering program for two vehicle programs with a leading European luxury automotive OEM. This program is approximately two-and-a-half years long and is currently ramping up. Management reiterated expectations for strong double-digit consolidated revenue growth for FY27 and anticipates margin improvement in the second half.

The Board also approved adjustments to provisional acquisition amounts related to its 100% acquisition of Es-Tec GmbH, resulting in reductions to earnout consideration (₹28.98 crore), intangible assets (₹10.35 crore), and goodwill (₹18.63 crore). Additionally, the Holding Company paid a dividend of ₹475.08 crore during the half-year. Shareholding patterns as of September 30, 2026, indicate public holding at 44.83%. An Analyst/Institutional Investor Meeting is scheduled for October 22, 2026, in Mumbai.

- Q2 FY27 Consolidated Operating Revenue: ₹16,988 million (+28.4% YoY); Half-Year Revenue: ₹1,916.47 crore; PAT: ₹251.70 crore
- Operating EBITDA: ₹2,733 million (+31.5% YoY) with 16.1% margin; Net Income: ₹1,714 million
- Secured five large deals in Q2, notably a US$138 million, ~2.5-year turnkey full-vehicle engineering program with a leading European luxury automotive OEM
- Acquisition Adjustments: Reductions in earnout consideration (₹28.98 crore), intangible assets (₹10.35 crore), and goodwill (₹18.63 crore) for Es-Tec GmbH acquisition
- Dividend Paid: ₹475.08 crore by the Holding Company during the half-year ended September 30, 2026

- [Tata Technologies Limited has informed the Exchange about Transcript of the earnings conference call on financial results for the quarter ended September 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TTLNSE_19102026095926_Investorcalltranscript_S.pdf)
- [TATA TECHNOLOGIES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20261019_110611234.xml)
- [Tata Technologies Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TTLNSE_19102026141531_SE_Intimation_Analyst_Institutional_Investor_Meeting_22Oct2026_S.pdf)
- [TATA TECHNOLOGIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20261019_143426291.xml)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 55.17 | PUBLIC_VAL: 44.83 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739800_16102026030236_WEB.xml)
- [TATA TECHNOLOGIES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20261015_095941838.xml)
- [Tata Technologies Limited has informed the Exchange about Copy of Newspaper Publication-Unaudited Financial Results for quarter and half year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TTLNSE_15102026113458_AdvtFinancialsQ2FY27_S.pdf)
- [Tata Technologies Limited has submitted to the Exchange, the Outcome of Board Meeting for Unaudited Standalone and Consolidated Financial Results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026160636_BMOutcomeQ2.pdf)
- [Tata Technologies Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026163011_InvestorcallpresentationQ2.pdf)
- [Tata Technologies Limited has informed the Exchange regarding a press release dated October 14, 2026, titled "Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026162811_PressReleaseFinancialsQ2.pdf)

### Fundamentals

Tata Technologies demonstrates a divergence between top-line momentum and bottom-line profitability in the most recent reporting period. For Q2 FY2026-27, revenue from operations rose sequentially to ₹1,698.80 crore, up from ₹1,664.63 crore in Q1. However, Profit Before Exceptional Items And Tax decreased to ₹230.29 crore from ₹242.17 crore, resulting in a sequential decline in Net Profit to ₹171.44 crore from ₹180.75 crore. This compression suggests rising costs or pressures on margins despite higher sales.

Financial health metrics show mixed signals. While cash reserves more than doubled to ₹539.65 crore as of September 2026, borrowings have increased significantly, rising from ₹237 crore in March 2025 to ₹1,110 crore by September 2026. Total liabilities also grew to ₹4,738.04 crore. On an annual basis, while sales grew to ₹5,506.0 crore in FY2026, net profit fell to ₹547.0 crore from ₹677.0 crore in FY2025, with interest expenses nearly doubling to ₹34.0 crore. Return on Capital Employed (ROCE) has declined from 28% in March 2024 to 21% in March 2026, indicating lower efficiency in generating returns from invested capital.

The company’s asset base expanded, with total assets reaching ₹8,570.63 crore as of September 2026, driven largely by fixed assets increasing to ₹2,186 crore. Promoter holding remained stable at 55.17%, while institutional ownership (DIIs and FIIs) increased slightly.

- Q2 FY2026-27 revenue grew sequentially to ₹1,698.80 crore, but net profit declined to ₹171.44 crore, signaling margin pressure.
- Borrowings surged to ₹1,110 crore by Sep 2026 from ₹237 crore in Mar 2025, contributing to a rise in total liabilities to ₹4,738.04 crore.
- Annual ROCE deteriorated to 21% in Mar 2026 from 28% in Mar 2024, reflecting reduced capital efficiency.
- Cash reserves strengthened to ₹539.65 crore in Sep 2026, offsetting some leverage concerns, though interest expenses rose to ₹34.0 crore annually.

### Bear Case

Tata Technologies (NSE) faces near-term technical weakness and significant historical drawdowns as of 6 November 2026. The daily trend is bearish, with the stock closing at ₹664.50, down from a previous close of ₹672.25. Momentum indicators show declining slopes for both the 20-day EMA (-12.38) and SMA (-9.91), while the ADX reading of 14.7 suggests weak trend strength despite the bearish direction. On a weekly basis, the trend remains bearish with an even steeper EMA slope decline of -23.52.

Volatility and downside risk are elevated. The stock has experienced a current drawdown of -26.6% against a maximum drawdown of -43.7%, with annualized volatility at +31.8%. Recent performance reflects this pressure: the stock is down -5.5% over one month and -17.1% over three months. Although year-to-date returns are positive (+3.1%), the long-term return since inception stands at -25.4%. Support levels are immediate, with the recent low at ₹661.0 acting as the first line of defense, just 0.20% below the current price.

- Daily trend is bearish with closing price at ₹664.50; 20-day EMA and SMA slopes are negative (-12.38 and -9.91 respectively), indicating short-term momentum loss.
- Significant drawdown history: current drawdown is -26.6% against a maximum of -43.7%, with high annualized volatility of +31.8%.
- Recent underperformance: -5.5% over the past month and -17.1% over the past quarter, though YTD return remains positive at +3.1%.
- Immediate support at ₹661.0 (recent low); resistance nearby at ₹670.08 (pivot) and ₹677.64 (high).

- [Tata Technologies Limited has informed the Exchange about Transcript of the earnings conference call on financial results for the quarter ended September 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TTLNSE_19102026095926_Investorcalltranscript_S.pdf)
- [TATA TECHNOLOGIES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20261019_110611234.xml)
- [Tata Technologies Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TTLNSE_19102026141531_SE_Intimation_Analyst_Institutional_Investor_Meeting_22Oct2026_S.pdf)
- [TATA TECHNOLOGIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20261019_143426291.xml)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 55.17 | PUBLIC_VAL: 44.83 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739800_16102026030236_WEB.xml)
- [TATA TECHNOLOGIES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20261015_095941838.xml)
- [Tata Technologies Limited has informed the Exchange about Copy of Newspaper Publication-Unaudited Financial Results for quarter and half year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TTLNSE_15102026113458_AdvtFinancialsQ2FY27_S.pdf)
- [Tata Technologies Limited has submitted to the Exchange, the Outcome of Board Meeting for Unaudited Standalone and Consolidated Financial Results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026160636_BMOutcomeQ2.pdf)
- [Tata Technologies Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026163011_InvestorcallpresentationQ2.pdf)
- [Tata Technologies Limited has informed the Exchange regarding a press release dated October 14, 2026, titled "Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026162811_PressReleaseFinancialsQ2.pdf)

### FAQs

**What were the key financial results and business developments for Tata Technologies in Q2 FY27?**

For the quarter ended September 30, 2026, Tata Technologies reported revenue from operations of US$178 million, representing a 22.2% year-on-year increase in constant currency. The company secured five large deals, including a US$138 million turnkey full-vehicle engineering program for two vehicle programs with a leading European luxury automotive OEM. This specific program is approximately two-and-a-half years long and is currently beginning to ramp up.

**What guidance has management provided for the remainder of FY27?**

Management reiterated its expectation of strong double-digit consolidated revenue growth for the full fiscal year 2027. Additionally, the company expects margin improvement specifically in the second half of the fiscal year. These statements reflect forward-looking estimates rather than historical performance data.

**How has the stock price performed recently, and what are the immediate technical levels?**

As of November 6, 2026, the stock closed at ₹664.50, down 1.2% on the day. Over the past month, the stock has declined by 5.5%, while it remains up 3.1% year-to-date. Daily technical indicators show a bearish supertrend direction. Immediate resistance is noted near ₹670.08 (pivot) and ₹677.64 (high), while support levels are identified around ₹663.17 and ₹662.95.

**What is the current shareholding structure as of September 30, 2026?**

The shareholding pattern filed on October 16, 2026, indicates that promoters and promoter groups hold 55.17% of the equity, while the public holds 44.83%. The total number of voting rights stands at 224,024,736. The company does not have any equity shares with differential voting rights across any category.

- [Tata Technologies Limited has informed the Exchange about Transcript of the earnings conference call on financial results for the quarter ended September 30, 2026 |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TTLNSE_19102026095926_Investorcalltranscript_S.pdf)
- [TATA TECHNOLOGIES LIMITED has informed the Exchange about Transcripts - earnings or quarterly calls |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20261019_110611234.xml)
- [Tata Technologies Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/TTLNSE_19102026141531_SE_Intimation_Analyst_Institutional_Investor_Meeting_22Oct2026_S.pdf)
- [TATA TECHNOLOGIES LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20261019_143426291.xml)
- [AS ON DATE : 30-Sep-2026 | PR_AND_PRGRP: 55.17 | PUBLIC_VAL: 44.83 | EMPTR: 0 | NDS_REVISED_STATUS: - | SUBMISSION_DT: 16-Oct-2026 | REVISION_DT: -](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739800_16102026030236_WEB.xml)
- [TATA TECHNOLOGIES LIMITED has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20261015_095941838.xml)
- [Tata Technologies Limited has informed the Exchange about Copy of Newspaper Publication-Unaudited Financial Results for quarter and half year ended September 30, 2026 |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/TTLNSE_15102026113458_AdvtFinancialsQ2FY27_S.pdf)
- [Tata Technologies Limited has submitted to the Exchange, the Outcome of Board Meeting for Unaudited Standalone and Consolidated Financial Results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026160636_BMOutcomeQ2.pdf)
- [Tata Technologies Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026163011_InvestorcallpresentationQ2.pdf)
- [Tata Technologies Limited has informed the Exchange regarding a press release dated October 14, 2026, titled "Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026". |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026162811_PressReleaseFinancialsQ2.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹670.08
- Risk regime: Price Risk Requires Attention

### Support levels
- 662.946044921875
- 652.25
- 640.0232421875

### Resistance levels
- 677.6375
- 707.3
- 719.75

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -1.15% |
| return_10 | +1.09% |
| return_1m | -5.49% |
| return_1y | -1.83% |
| return_20 | -4.34% |
| return_3m | -17.10% |
| return_5 | +2.69% |
| return_6m | +5.86% |
| return_since_start | -25.40% |
| return_ytd | +3.14% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -43.72% |
| annualized_volatility | +31.77% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Tata Technologies Q2 FY2026-27: Revenue Rises, Profit Falls Sequentially

Tata Technologies reported consolidated revenue from operations of ₹1,698.80 crore for the quarter ended 30 September 2026, up 2.1% sequentially and 28.4% from ₹1,323.33 crore in the corresponding quarter a year earlier. Profit before tax was ₹230.29 crore, 4.9% lower than in the June quarter but 4.4% above the year-earlier quarter. The contrast between strong annual growth and weaker sequential profitability is the quarter’s central feature.

## Revenue Growth Continues

Revenue from operations increased for a fifth consecutive reported quarter, reaching ₹1,698.80 crore. Total income, including other income of ₹31.15 crore, was ₹1,729.95 crore, up 1.7% sequentially and 26.1% year on year from ₹1,371.53 crore.

## Costs and Profitability

Total expenses were ₹1,499.66 crore, up 2.8% sequentially and 30.3% from ₹1,150.97 crore in the year-earlier quarter. Employee benefit expense was ₹823.31 crore, the largest reported expense item, while depreciation and amortisation was ₹54.27 crore. Expenses grew faster than revenue sequentially, alongside a decline in profit before tax.

Profit before tax of ₹230.29 crore compared with ₹242.17 crore in the June quarter and ₹220.56 crore a year earlier. Segment profit before tax was ₹241.72 crore, down 4.0% sequentially. Profit for the period was ₹171.44 crore, down 5.2% sequentially but up from ₹165.50 crore a year earlier. Basic and diluted earnings per share were ₹4.22, versus ₹4.45 in June and ₹4.08 in the year-earlier quarter.

Tax expense was ₹70.28 crore, broadly unchanged from ₹70.95 crore sequentially. Current tax rose to ₹99.06 crore from ₹70.71 crore, while deferred tax was a credit of ₹28.78 crore.

## Finance Costs and Borrowings

Finance costs increased to ₹19.85 crore from ₹15.47 crore in the June quarter. At 30 September, noncurrent borrowings were ₹531.90 crore, down from ₹588.99 crore at 30 June, while current borrowings rose to ₹181.43 crore from ₹76.57 crore. The differing movements in current and noncurrent borrowings, alongside higher finance costs, merit monitoring.

## Balance Sheet and Liquidity

Cash and cash equivalents stood at ₹539.65 crore at 30 September, down from ₹682.34 crore at 30 June. Current investments fell to ₹214.13 crore from ₹797.81 crore. Trade receivables increased 19.8% to ₹1,421.46 crore from ₹1,186.86 crore, while trade payables rose to ₹670.92 crore from ₹581.36 crore.

Goodwill was ₹1,344.32 crore and property, plant and equipment was ₹450.12 crore. Total equity declined to ₹3,832.59 crore from ₹3,923.37 crore, and total assets fell to ₹8,570.63 crore from ₹8,953.46 crore.

## Management Commentary

Management described the quarter as strong, with Total Company Operating Revenue of ₹16,988 million, up 28.4% year on year, and Operating EBITDA of ₹2,733 million, up 31.5% year on year. EBITDA margin was 16.1%, up 40 basis points year on year and flat quarter on quarter. Services Segment Revenue reached $141.9 million, up 4.3% quarter on quarter in constant currency. The CFO, however, acknowledged near-term challenges within certain customer segments and geographies, while the company reported a workforce of 12,895 and last-twelve-month attrition of 15.6%.

## Key Takeaway
Tata Technologies combined 28.4% year-on-year revenue growth with a 4.4% increase in profit before tax, but sequential revenue growth of 2.1% came alongside lower profit and earnings per share. Higher expenses and finance costs, increased receivables, and lower cash and current-investment balances are the key changes to track as the company continues to grow.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q2
- As of: 2026-09-30
- Promoter holding: +55.17%
- FII holding: +6.59%
- DII holding: +5.55%
- Mutual fund holding: +3.07%
- Retail holding: +23.50%
- Promoter pledged: +0.00%

### Major reported shareholders

- Tata Motors Passenger Vehicles Limited (Formerly Tata Motors Limited) — +53.34% (Bodies Corporate)
- Kotak Mahindra Trustee Co Ltd A/C Kotak Multicap Fund — +2.00%
- Tata Capital Limited — +1.84% (Bodies Corporate)
- Tata Enterprises Overseas Limited — +1.74%
- Life Insurance Corporation Of India — +1.35%

## Official filings

- 2026-10-19 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_19102026095926_Investorcalltranscript_S.pdf)
- 2026-10-19 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20261019_110611234.xml)
- 2026-10-19 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_19102026141531_SE_Intimation_Analyst_Institutional_Investor_Meeting_22Oct2026_S.pdf)
- 2026-10-19 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20261019_143426291.xml)
- 2026-10-16 — Shareholding Disclosure: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SHP_1739800_16102026030236_WEB.xml)
- 2026-10-15 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20261015_095941838.xml)
- 2026-10-15 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_15102026113458_AdvtFinancialsQ2FY27_S.pdf)
- 2026-10-14 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026160636_BMOutcomeQ2.pdf)
- 2026-10-14 — Earnings Presentation: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026163011_InvestorcallpresentationQ2.pdf)
- 2026-10-14 — Press Release: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026162811_PressReleaseFinancialsQ2.pdf)
- 2026-10-14 — Financial Results Filing: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1738034_14102026061813_WEB.xml)
- 2026-10-14 — Financial Results Filing: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1738032_14102026061802_WEB.xml)
- 2026-10-14 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_14102026221328_InvestorcalloutcomeQ2_S.pdf)
- 2026-10-07 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_07102026165717_Reg74Q2FY27_S.pdf)
- 2026-09-29 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/content/RSS/Online_announcements.xml)
- 2026-09-28 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_28092026145326_InvestorcallintimationQ2FY27_S.pdf)
- 2026-09-28 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20260928_145710654.xml)
- 2026-09-22 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_22092026140159_SE_Intimation_IEPFadvt_22092026.pdf)
- 2026-09-22 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_22092026154755_Tradingwindowclosure24092026.pdf)
- 2026-09-22 — Board Meeting Notice: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_22092026160329_BMintimationQ2FY27.pdf)
- 2026-09-22 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_21749_WebXMLFile_20260922_162257215.xml)
- 2026-09-11 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_11092026190501_Investor_Conference_Outcome_11092026_S.pdf)
- 2026-09-11 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20260911_190648387.xml)
- 2026-09-09 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/TTLNSE_09092026170804_Investor_Meet_Outcome_09092026_S.pdf)
- 2026-09-09 — Generic Announcement: Tata Technologies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_21749_WebXMLFile_20260909_170930458.xml)

## News and market events

- 2026-10-15 — BUSINESSTODAY: **Tata Technologies shares slip 5% as Q2 earnings fall below estimates** — Tata Technologies, Tata Technologies shares in news, Tata Technologies share price, Tata Technologies shares rise, Tata Technologies stock hits 52 week high, Honda — [Source](https://www.businesstoday.in/markets/stocks/story/tata-technologies-shares-slip-as-q2-earnings-fall-below-estimates-561742-2026-10-15)
- 2026-10-15 — CNBC-TV18: **Tata Group stock could fall 25% after Q2 results, bearish analysts warn; Stock gives up gains** — Tata Technologies shares continue to have more "sell" ratings than "buy" among its analyst coverage. Of the 18 analysts who have coverage on the Tata Technologies stock, four have a "buy" recommendation, while five have a "hold" rating and nine have a "sell" rating. — [Source](https://www.cnbctv18.com/market/tata-technologies-share-price-q2-result-reaction-bulls-bears-buy-sell-key-concerns-downside-potential-returns-20012293.htm)
- 2026-10-13 — CNBC-TV18: **Market Pulse: Key triggers to watch before the October 14 trading session** — Investors will also monitor crude oil prices after Brent retreated below $105 a barrel, along with earnings from major US banks and the September-quarter results of several Indian companies, including BHEL, ICICI Lombard, Tata Technologies, CEAT and HDB Financial Services. — [Source](https://www.cnbctv18.com/photos/market/market-pulse-key-triggers-to-watch-before-the-october-14-trading-session-20011135.htm)
- 2026-10-09 — BUSINESSTODAY: **Tata Tech, Bajaj Finance, Bajaj Auto, Sri Lotus Developers shares: Deven Choksey weighs in** — Tata Tech, Bajaj Finance, Bajaj Auto, Sri Lotus Developers, Deven Choksey, Tata Tech shares, Bajaj Finance shares, Bajaj Auto shares, Sri Lotus Developers shares — [Source](https://www.businesstoday.in/markets/stocks/story/tata-tech-bajaj-finance-bajaj-auto-sri-lotus-developers-shares-deven-choksey-weighs-in-560684-2026-10-09)
- 2026-10-08 — BUSINESSTODAY: **Why Honda is tapping local engineering talent in India to develop new vehicles** — Honda Cars India, Honda Elevate facelift, Kunal Behl, Honda new models India, Honda Tata Technologies partnership, Tata Technologies Honda, Honda India market share, Honda India comeback, Honda four metre SUV, Honda mid-size cars India, Honda vehicle development India, Honda engineering capabilities — [Source](https://www.businesstoday.in/auto/story/why-honda-is-tapping-local-engineering-talent-in-india-to-develop-new-vehicles-560253-2026-10-08)
- 2026-10-05 — The Hindu: **Sensex today | Stock Market Live: Sensex, Nifty trade flat at noon as crude, bond yields cap gains** — Sensex, Nifty, Stock Price Live: Indian equity markets traded largely flat at noon after opening higher, with the Sensex up 0.07 per cent and Nifty 0.04 per cent. Improved global cues supported sentiment, while elevated crude prices and bond yields capped gains and pressured foreign flows. — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty50-today-stock-market-live-updates-5th-october-2026/article71544056.ece)
- 2026-09-30 — BUSINESSTODAY: **ICICI Securities sees recovery in ER&D stocks in Q2; Tata Tech, Netweb, IKS, Cyient among top picks** — Indian ER&D stocks, engineering research and development stocks, ER&D stocks, ER&D Q2FY27, Indian engineering stocks, ICICI Securities Q2FY27 preview, Tata Technologies Q2FY27, Cyient Q2FY27, L&T Technology Services Q2FY27, Tata Elxsi Q2FY27, KPIT Technologies Q2FY27, Tata Technologies stock, Cyient stock, LTTS stock, aerospace defence stocks India, semiconductor stocks India, best ER&D stocks to watch in Q2FY27, ICICI Securities top ER&D stock picks, Tata Technologies Cyient top picks, Indian ER&D stocks Q2FY27 expectations, engineering research and development sector outlook FY27 — [Source](https://www.businesstoday.in/markets/trending-stocks/story/icici-securities-sees-recovery-in-erd-stocks-in-q2-tata-tech-netweb-iks-cyient-among-top-picks-558802-2026-09-30)
- 2026-09-21 — BUSINESS: **Most Tata stocks slip as Tata Sons-Trusts dispute threatens legal battle** — Tata stocks: Analysts believe the boardroom battle playing out in public forums is creating more uncertainty for the group. — [Source](https://www.business-standard.com/markets/news/most-tata-stocks-slip-as-tata-sons-trusts-dispute-threatens-legal-battle-126092100184_1.html)
- 2026-09-19 — FREEPRESSJOURNAL.IN: **Tata Group Stocks Lose ₹39,000 Crore Market Value As Tata Sons Deadlock Intensifies** — Tata group stocks lost nearly ₹39,000 crore in market capitalisation after differences emerged at the Tata Sons board meeting over N Chandrasekaran’s reappointment. Tata Trusts Chairman Noel Tata called the decision “illegal”, while SP Group backed Tata Sons’ listing. TCS, Tata Chemicals and other group stocks witnessed sharp declines — [Source](https://www.freepressjournal.in/business/tata-group-stocks-lose-39000-crore-market-value-as-tata-sons-deadlock-intensifies)
- 2026-09-19 — Economic Times: **Tata Group stocks reel from aftershocks as Trusts opposes third term for N Chandra** — Tata stocks plummeted on Friday due to opposition from Tata Trusts, who contested the reappointment of N Chandrasekaran as chairman by the Tata Sons board. This leadership tug-of-war has raised concerns among investors, uncertain about its implications for multiple group companies. The potential for Tata Sons to go public remains a pivotal opportunity for stakeholders, with future resolutions between the board and Trusts likely affecting market sentiment. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/tata-group-stocks-reel-from-aftershocks-as-trusts-opposes-third-term-for-n-chandra/articleshow/134347371.cms)
- 2026-09-18 — Economic Times: **TCS, Tata Chemicals, other Tata stocks tumble up to 8% as Tata Trusts calls Chandrasekaran’s tenure extension illegal** — Tata stocks took a notable hit following the declaration by Tata Trusts that Chandrasekaran's reappointment was illegal. The Reserve Bank of India also denied Tata Sons' plea to maintain private status. With Tata Trusts holding a majority of shares and opposing the IPO, Noel Tata has proposed looking into structural alternatives to appease the regulator. The upcoming Annual General Meeting is now critical for Chandrasekaran's role on the board. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/tcs-tata-group-stocks-in-focus-as-chandrasekaran-gets-tenure-extension-tata-trusts-call-it-illegal/articleshow/134325302.cms)
- 2026-09-17 — Economic Times: **TCS, Tata Chemicals, other group stocks zoom up to 14% on Tata Sons IPO nod, N Chandra’s term extension** — Tata Sons has granted Chairman N Chandrasekaran a five-year extension, setting the stage for the long-awaited initial public offering of the group. This announcement spurred a surge in several Tata group stocks, particularly Tata Chemicals and Tata Investment Corporation, which experienced significant price increases. This development follows the Reserve Bank of India's decision to deny the company's request to remain privately held. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/tcs-tata-chemicals-other-group-stocks-rally-up-to-14-as-tata-sons-approves-n-chandras-tenure-extension-prepares-for-ipo/articleshow/134307500.cms)
- 2026-09-17 — BUSINESSTODAY: **N Chandrasekaran reappointed as chairman: Tata Chemicals, Tata Investment, TCS, Tata Tech shares rise up to 13%** — Tata Chemicals, Tata Investment Corp, Tata Consultancy Services, Tata Technologies, Nelco, Tata Sons listing, Tata Sons IPO, Tata Steel, Tata Motors PV, Tata Chemicals, Tata Sons stake, Tata Sons IPO, Tata Sons valuation, Tata group companies, RBI, Reserve Bank of India, Tata Sons listing news, Tata shares, stock market, Indian stock market — [Source](https://www.businesstoday.in/markets/stocks/story/n-chandrasekaran-reappointed-as-chairman-tata-chemicals-tata-investment-tcs-tata-tech-shares-rise-up-to-13-556176-2026-09-17)
- 2026-09-15 — BUSINESS: **Tata Sons listing eyed: Tata group stocks zoom up to 20%; check top gainers** — Tata Chemicals, Tata Investment Corporation, Afcon Infrastructure, and Forbes & Company zoomed up to 20 per cent on the BSE in intra-day deals. — [Source](https://www.business-standard.com/markets/news/tata-sons-listing-eyed-tata-group-stocks-zoom-up-to-20-check-top-gainers-126091500174_1.html)
- 2026-09-09 — MONEYCONTROL: **Trade Spotlight: How should you trade Marico, Narayana Hrudayalaya, Granules, Laurus Labs, Caplin Point, Tata Technologies, and others on September 9?** — Trade Spotlight — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-marico-narayana-hrudayalaya-granules-laurus-labs-caplin-point-tata-technologies-and-others-on-september-9-14025670.html)
- 2026-09-05 — BUSINESSTODAY: **Tata Technologies: Former CEO Patrick McGoldrick sells shares worth nearly Rs 165 crore** — Tata Technologies: Former CEO Patrick McGoldrick sells shares worth nearly Rs 165 crore — [Source](https://www.businesstoday.in/markets/stocks/story/tata-technologies-former-ceo-patrick-mcgoldrick-sells-shares-worth-nearly-rs-165-crore-553456-2026-09-05)
- 2026-09-05 — IANSLIVE.IN: **Former Tata Technologies CEO sells shares worth around Rs 165 crore** — New Delhi, Sep 5 (IANS) The former Chief Executive Officer (CEO) and Managing Director of Tata Technologies -- Patrick Raymon McGoldrick -- has reduced his stake in the company by selling shares worth about Rs 165 crore through block deals on the BSE. — [Source](https://ianslive.in/former-tata-technologies-ceo-sells-shares-worth-around-rs-165-crore--20260905165347)
- 2026-09-05 — The Hindu: **Former Tata Technologies CEO McGoldrick sells shares worth ₹165 crore** — Former Tata Technologies CEO Patrick McGoldrick sells shares worth ₹165 crore, reducing his stake in the company. — [Source](https://www.thehindubusinessline.com/markets/former-tata-technologies-ceo-mcgoldrick-sells-shares-worth-165-crore/article71431482.ece)
- 2026-09-05 — Economic Times: **Former Tata Technologies CEO McGoldrick sells shares worth Rs 165 crore** — Patrick McGoldrick, former Tata Technologies CEO, sold shares worth Rs 165 crore. He offloaded 21 lakh shares, reducing his stake to 0.62 percent. Mutual funds and asset management firms acquired these shares at Rs 785 each. Tata Technologies reported an 8 percent net profit rise for the March quarter. The company had a strong stock market debut in November 2023. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/former-tata-technologies-ceo-mcgoldrick-sells-shares-worth-rs-165-crore/articleshow/133794536.cms)
- 2026-09-04 — BUSINESSTODAY: **Despite 57% gain from 52-week low, this Tata Group stock gets a 'sell' call** — Tata Technologies, Tata Technologies shares in news, Tata Technologies share price, Tata Technologies shares rise, Tata Technologies stock price target, Tata Technologies stock, Goldman Sachs sell call on Tata Technologies shares, Goldman Sachs  on Tata Technologies  stock — [Source](https://www.businesstoday.in/markets/stocks/story/tata-technologies-stock-price-target-falls-goldman-sachs-553356-2026-09-04)
- 2026-09-03 — Times of India: **Top stocks to buy today: Stock recommendations for September 3, 2026 - check list** — India Business News: Top stock market recommendations: Bank of Maharashtra, Glenmark Pharma, and Tata Technologies have been shared as the top stocks to buy today on Septe. — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-september-03-2026-bank-of-maharashtra-glenmark-pharma-tata-technologies-best-stocks-to-buy-today/articleshow/133723261.cms)
- 2026-09-01 — BUSINESSTODAY: **Tata Tech, NCC, Data Patterns, eMudhra shares: Expert shares technical view, targets** — Tata Technologies, NCC, Data Patterns, eMudhra, stock market, share price, technical analysis, Vishnu Kant Upadhyay, Master Capital Services, Nifty50, stock targets, stop loss, Tata Tech shares, NCC shares, Data Patterns shares, eMudhra shares — [Source](https://www.businesstoday.in/markets/stocks/story/tata-tech-ncc-data-patterns-emudhra-shares-expert-shares-technical-view-targets-552642-2026-09-01)
- 2026-09-01 — CNBC-TV18: **TATA.CARS domestic sales rise 59% in August; EV sales nearly double** — Tata Motors Passenger Vehicles reported a 56% year-on-year jump in August sales to 67,753 units, driven by strong domestic demand. Electric vehicle sales nearly doubled to 16,549 units, rising 94% from a year earlier. — [Source](https://www.cnbctv18.com/auto/tata-motors-pv-domestic-sales-jump-59-pc-august-ev-sales-nearly-double-19981416.htm)
- 2026-09-01 — Mint: **Stock recommendations for 1 September from MarketSmith India** — MarketSmith India reveals its top stock recommendations for today, 1 September. Get expert insights into the best-performing stocks to guide your investment decisions. — [Source](https://www.livemint.com/market/stock-market-news/stock-recommendations-for-1-september-from-marketsmith-india-11788175202789.html)
- 2026-08-17 — Mint: **Top Gainers & Losers on 17 August: NMDC Steel, LG Electronics, BSE, Tata Tech, Infosys, Voltas among top losers | Stock Market News** — Indian stocks remained subdued on August 17, with the Nifty down 0.11% and the Sensex down 0.19% due to ongoing Middle East conflicts and high crude oil prices. Despite this, midcap and small-cap indices saw slight gains. — [Source](https://www.livemint.com/market/stock-market-news/top-gainers-losers-on-17-august-nmdc-steel-lg-electronics-bse-tata-tech-infosys-voltas-among-top-losers-11786961037869.html)

## Business profile

**Strategic vision:** Product engineering and digital services for manufacturing customers.

### Business segments
- **Outsourced Product Engineering Services:** Provides outsourced product engineering services to manufacturing customers, assisting them in conceptualizing, designing, and developing connected and sustainable products.
- **Digital Transformation Solutions:** Enables customers to identify, deploy, and integrate technologies and solutions to optimize product manufacturing, servicing, and realization, including workforce upskilling.
- **Automotive Sector Solutions:** Offers product engineering, manufacturing, and customer experience solutions for the automotive sector, including electric vehicle and connected vehicle solutions.
- **Industry 4.0 Solutions:** Facilitates operational digital transformation through digital twins, manufacturing engineering, and Industry 4.0 initiatives.

### Competitive strengths
- Global delivery centers across Asia-Pacific, Europe, and North America.
- Integrated solutions across the entire product value chain.
- Expertise in automotive, aerospace, and industrial heavy machinery sectors.

## Related stocks

- [Affle 3i Limited (IT)](https://faxioms.com/stocks/affle) — -2.11%
- [Data Patterns (India) Limited (IT)](https://faxioms.com/stocks/datapattns) — -4.85%
- [eClerx Services Limited (IT)](https://faxioms.com/stocks/eclerx) — +0.54%
- [Endurance Technologies Limited (IT)](https://faxioms.com/stocks/endurance) — -0.76%
- [Firstsource Solutions Limited (IT)](https://faxioms.com/stocks/fsl) — +0.99%

## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/tatatech
Markdown representation: https://faxioms.com/stocks/tatatech?render=md